Friday, April 19, 2013 5:13:49 PM
Don't get me wrong, I don't think they are going to necessarily be significant either, but if you look at 2009 and 2010 (unaudited) financials they had net income of $246,373 in 2009 and $22,201 in 2010.
In addition, there was a response to one of the standard questions under...
B. Management's discussion and analysis of financial condition and results ofoperations.
that read -
2. Internal and external sources of liquidity;
Proposed acquisitions are expected to generate positive cash flow during 2011. -END
And in 2009 they had cash and cash eq. of 504,813 with 2010 having 520,474.
I don't expect someone like KA to get involved with a company that's on the ropes and then completely changing their direction into a skeptical/unknown (in some people's opinions) sector.
Easier just to start from scratch. My feeling is that there are going to be some significant developments and disclosures here in the next days to few months.
By the way, been reading ihub for awhile, but the excitement here got me to make my first post!
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